Thursday, January 29, 2026

GAO finds that one third of federal agencies lack fraud monitoring or evaluation;

"The trouble with quotes on the Internet is that you can never know if they are genuine."

- Abraham Lincoln


 Justice Department to set up new federal fraud section.   DOJ already has a consumer protection branch of its Civil Division, and that unit can also do criminal cases. And it has a Criminal Division.  Presumably this new unit is designed to tackle benefit fraud. But will this new unit include consumer fraud?

 
Aspen Institute releases survey they did in the US on consumer fraud
  • 33% of US adults were victims of a fraud last year
  • Losses were $42.7 billion; average loss $2499
  • 10% of US adults lost money to more than one scam last year
  • Only 1 of 12 reported this to police or law enforcers
  • Many people felt blamed by banks or other institutions
GAO finds that one third of federal agencies lack fraud monitoring or evaluation; easier to prevent fraud than prosecute afterwards; losses to fraud estimated at between $233 and $521 billion per year
 

Fraud Studies: Here are links to the studies I’ve written for the Better Business Bureau: puppy fraudromance fraud; BEC fraudsweepstakes/lottery fraud,  tech support fraudromance fraud money mulescrooked movers, government impostersonline vehicle sale scamsrental fraud, gift cards,  free trial offer frauds,  job scams,  online shopping fraud,  fake check fraud and crypto scams
 
Fraud News Around the worldHumorFTC and CFPBArtificial Intelligence and deep fake fraudBenefit Theft Scam CompoundsIRS and tax fraudBitcoin and Crypto FraudRansomware and data breachesJamaica and Lottery FraudRomance Fraud and Sextortion